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During the review period, Buckwheat exports hit a record high in 2024 and are projected to continue growing in the future. The value of Buckwheat exports surged to $23M in 2024.
Buckwheat imports reached their peak at 1.1K tons in 2015, but gradually decreased in the following years. The value of buckwheat imports notably dropped to $262K in 2023.
From 2022 to 2023, Buckwheat imports saw a decline in growth, with the value dropping to $13M in 2023.
Driven by increasing demand for buckwheat worldwide, the market is expected to continue an upward consumption trend over the next seven years, with market volume projected to reach 2.9M tons and market value to reach $2.5B by 2030.
During the period analyzed, Buckwheat exports reached a high of 29K tons in 2016; however, they failed to regain momentum from 2017 to 2023. In terms of value, Buckwheat exports peaked at $15M in 2023.
Buckwheat imports reached a peak of 1.1K tons in 2015, but from 2016 to 2023, they stayed at a lower level. In terms of value, buckwheat imports plummeted to $262K in 2023.
Overall, imports of Buckwheat remained stable, with a noteworthy increase in value to $2.5M in November 2023.
Imports of Buckwheat reached their highest peak in June 2023, amounting to $8.4M in value terms.
The price of Buckwheat in April 2023 reached $1,770 per ton (CIF, United Kingdom), showing a 13% increase compared to the previous month.
In April 2023, the buckwheat price stood at $970 per ton (CIF, Japan), falling by -3% against the previous month.
In January 2023, the price of buckwheat reached $1,390 per ton (CIF, Spain), representing a 9.2% increase compared to the previous month.
In August 2022, the buckwheat price per ton amounted to $703.2 (FOB, US), waning by -13.8% against the previous month.
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